Mahindra Logistics

The facility will be part of an industrial corridor near that has become a major manufacturing cluster

Mahindra Logistics also flagged weakness in its freight forwarding service due to a sharp drop in freight rates

Mahindra Logistics has announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space

Mahindra Logistics on Monday announced the acquisition of the B2B express business of Gurugram-based logistics firm Rivigo Services, which will help the company accelerate its capabilities in this space. Mahindra Logistics Ltd (MLL) will acquire the express business through a business transfer agreement (BTA), including the customers, team and assets of Rivigo's B2B express business and its technology platform, Mahindra Logistics said in a statement. Rivigo, however, will continue to own its truck fleet and the rights to the full truck load (FTL) operations. Rivigo operates a pan-India B2B express network with a robust client base and a full-service technology suite. Its express network currently covers over 19,000 PIN codes across the country through over 250 processing centres and branches, spanning more than 1.5 million sq ft. "This will add significant strength to Mahindra Logistics' express business capability," the company said. B2B express logistics continues to see strong

Logistics stocks traded mixed on Monday after the govt announced National Logistics Policy. It aims to integrate and develop a technologically-enabled logistics ecosystem in India. Here's a report

The new logistics policy aims to trim the costs to single digits, from 13-14 per cent of the GDP at present, by 2030

Stocks to Watch Today: Shares of Bajaj Auto, Hindustan Unilever and Indian Hotels are likely to be in focus as the companies report Q4 results on Wednesday.

Mahindra will acquire 60% in the Hyderabad-based firm through primary and secondary purchases in two phases

Mahindra Logistics Ltd (MLL) reported a sharp 72 per cent year-on-year decline in profit after tax (PAT) to Rs 5 crore for the December 2021 quarter. The company had posted a PAT of Rs 18 crore in the same quarter a year ago, MLL said in a statement. The revenue, however, grew seven per cent to Rs 1,118 crore during October-December 2021 as compared with Rs 1,047 crore in the year-ago period, it said. Revenue from warehousing services and solutions in the quarter grew 35 per cent in the same period last year underlining the focus on the solutions-led approach to customer's requirements, MLL said. The company added that growth in the supply chain segment during the quarter stood at six per cent y-o-y, contributed by increased business volumes across all key end markets except auto. Mahindra Logistics Managing Director and CEO Rampraveen Swaminathan said, "The quarter gone by was a challenging one. Demand from the auto sector continued to be impacted due to semi-conductor supplies a

The third party logistics company, MLL is a 58.34 percent subsidiary of M&M.

The company is adding solutions like pop-up facilities across eight major cities aggregating to 1.1 million sq ft

Mahindra Logistics Ltd on Tuesday reported a consolidated net profit of Rs 9.35 crore for the quarter ended June 30, 2021. The company had posted a consolidated net loss after taxes, non-controlling interests and share of loss of joint venture of Rs 15.81 crore in the year-ago period, Mahindra Logistics Ltd (MLL) said in a filing to BSE. The consolidated total income of the company during April-June quarter increased to Rs 875.28 crore over Rs 413.27 crore in the year-ago period. "We delivered a strong performance despite the challenging external environment due to the rapid spread of Wave 2 of the Covid 19 pandemic. The regional lockdowns, high commodity costs and fuel prices impacted demand across the end markets. "Our strong focus on customer retention, new account acquisition and cost reduction helped us offset these challenges," Rampraveen Swaminathan, managing director and CEO of Mahindra Logistics, said. Implementation of strategic initiatives continued through the quarter

Mahindra Logistics on Tuesday launched, Oxygen on Wheels (O2W), a free service to augment the availability of oxygen by connecting producers with the hospitals and medical centres. The service has been rolled out in cities such as Mumbai, Thane, Pune, Pimpri-Chinchwad, Chakan, Nasik and Nagpur in Maharashtra with the company deploying around 100 vehicles to overcome the transportation bottleneck with safe and quick transportation to deliver oxygen cylinders on demand, a release said. The service will be helmed by Mahindra Logistics, which is partnering with the administration and local government bodies on this project, Mahindra & Mahindra said. The company also said it is in discussions with the civic administration and government departments to extend the service to other cities as well, including Delhi, which along with other states is facing an acute shortage of medical oxygen. Besides, given the overwhelming response in the past 48 hours, extending this initiative to deliver .

Walmart-owned Flipkart, in partnership with Mahindra Logistics, will deploy over 25,000 EVs in the fleet by 2030, according to a regulatory filing

Involves end-to-end redesign of Bajaj Electricals' logistics by Mahindra, with the twin aim of achieving enhanced and industry-best service levels, and cost saving of over 25%

Mahindra Logistics is on an ambitious growth path with a target of achieving Rs 10,000-crore revenue by FY26

Vaccine storage and transportation being a niche segment will not benefit all logistics and transportation companies, analysts say

Mahindra Logistics on Friday reported a 31.41 per cent jump in its consolidated profit to Rs 14.85 crore for the quarter ended September. The logistics arm of the Mahindra Group had clocked a consolidated profit after tax of Rs 11.30 crore during the second quarter of the previous fiscal, the company said in a BSE filing. Its total income fell to Rs 840.76 crore during the quarter under review as against Rs 854.27 crore in the year-ago period, it said. Its total expenses declined to Rs 820.52 crore during the July-September quarter of the fiscal as against Rs 836.50 crore in the year-ago period. "We have seen a strong rebound in our supply chain operations during the quarter. Our fulfilment logistics solutions & services continued to witness strong growth driven by e-commerce, pharma and FMCG verticals. We also continued to see strong growth from the Farm segment during the quarter. "While we are not yet completely back to normalcy since the advent of COVID-19 pandemic, our focus

Mahindra Logistics on Monday said it has added 10,100 seasonal jobs ahead of the festive season and will retain a significant number of these employees

The benchmark indices, Nifty 50 and S&P BSE Sensex, have also rebounded from their respective 200-DMA lows.